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19247060
19247059

400 W 2nd Street, Roswell, NM 88201

PT
NM 11260
Ranchline Taylor & Taylor Realtors
Listed by Ranchline Taylor & Taylor Realtors
$1,350,000
687 days on market
Updated 62 days ago
Opportunity zone

400 W 2nd Street

Details
Property Type Office
Sub Type Executive Office
Square Footage 8,368
Cap Rate 6.89%
NOI $93,000
Occupancy 100%
Tenancy Single
Brand/Tenant Municipality
Lease Type Modified
Lease Term 5
Lease Expiration 10/31/2030
Remaining Term 4.4
Price per SqFt $161
Broker Co-Op Yes
Class B
Year Built 1980
Lot Size (SqFt) 32,000
Zoning C-4
Parking Spaces spaces
Investment Type Net Lease
Lease Commencement 11/01/2025
Occupancy Date 11/01/2025

Office | 6.89% CAP | 8,368 SqFt

Marketing description

The Executive Office Complex is a large, multitenant office property in Roswell, New Mexico. The property has a physical address of 400 - 404 W. Second Street. This is the non-signalized intersection of W. Second Street and Kentucky Avenue, a well-located site central to the city of Roswell. The real estate is comprised of an 8,368 SF office building with three leasable areas situated over a 32,000 SF commercial lot. The Executive Office Complex site is rectangular in shape with 160' of frontage along W. Second Street and a depth of 200' along N. Kentucky Avenue. An alley forms the west boundary of the site providing additional ingress and egress. The land is level, at street grade and entirely usable. Lots 1- 3, the northerly portion of the land, are zoned as C-4 Westside Business District. This is a broad commercial classification that allows for a variety of development. The south lot, Lot 4 and currently only a graveled parking area, is zoned for R-3 Residential use.

Investment highlights

NOW LEASED TO THE CITY OF ROSWELL!

Executive Office Complex

400–404 W. Second Street, Roswell, New Mexico

The Executive Office Complex is a well-located professional office property in the heart of Roswell, New Mexico. Situated at the corner of W. Second Street and Kentucky Avenue, this highly visible location offers excellent access to major thoroughfares and central city amenities. The property features an 8,368± square-foot office building situated on a 32,000± square-foot commercial lot. The site provides 160 feet of frontage along W. Second Street and extends 200 feet deep along N. Kentucky Avenue, with alley access on the west boundary for additional ingress and egress. The land is level, at street grade, and fully usable, supporting both current and future utilization. The building has been upgraded and improved to meet City of Roswell standards for use as the Community Development Service Center, reflecting significant investment in functionality, accessibility, and compliance with municipal requirements. Now leased to the City of Roswell, this property offers a superior, creditworthy tenant and represents a stable, long-term investment in one of southeastern New Mexico’s most desirable and active business corridors.

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Listing Contacts

PT
NM 11260
Ranchline Taylor & Taylor Realtors
Listed by Ranchline Taylor & Taylor Realtors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$93,000.00
$7,750.00/mo

Valuation Metrics

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DSCR
6.89%
Cap Rate
6.89%
ROI

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Additional Information

Name
Paul Taylor, III
License
11260
Brokerage
Ranchline Taylor and Taylor
Brokerage Phone
575 622 1490
Title
Paul Taylor III
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